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Amarsaihan
Amarsaihan is a 44-year-old widow who lives with her 2 daughters in a ger in the Bayanhongor province of Mongolia. Her daughters Narantsetseg, age 22, and Naigalmaa, age 25, are university students.

The borrower has been providing services selling traditional caps by order at home. She also purchases livestock intestines and produces organic packaging for meat producers. She is a hardworking, enthusiastic, and friendly woman.

She is now requesting a loan of 1,600,000 MNT to purchase large amounts of livestock intestines to produce organic packaging and sell to local companies.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

About XacBank

This loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.

About Mongolia

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,395.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,150 helped Amarsaihan to purchase a large amount of livestock intestines to produce organic packaging and sell to local companies.
94% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2013
Listed
Apr 17, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013